Atria Investments Inc Grows Position in Welltower Inc. (NYSE:WELL)

Atria Investments Inc boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,723 shares of the real estate investment trust’s stock after buying an additional 1,651 shares during the quarter. Atria Investments Inc’s holdings in Welltower were worth $4,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC bought a new stake in Welltower during the 4th quarter valued at about $25,000. Roxbury Financial LLC bought a new stake in Welltower during the 4th quarter valued at about $26,000. Sierra Ocean LLC bought a new stake in Welltower during the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Welltower in the 3rd quarter valued at about $50,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several recent research reports. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $145.00 to $167.00 in a report on Friday, February 14th. Evercore ISI boosted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Bank of America boosted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $148.42.

Welltower Stock Down 1.2 %

NYSE:WELL opened at $147.22 on Friday. The company has a market cap of $94.41 billion, a PE ratio of 94.37, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $138.99 and its two-hundred day moving average is $132.63.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.